Importance of Your Contribution in Insurance Plan

​• Get Free Money:
If you earn under $46,920 per year, and make a non-concessional and contribution into your superannuation, then the  government give up to 50 cents in the dollar.

• Spouse Contributions:
If your wife or husband earned under $ 13,800 per year, then you eligible to claim up to $ 540

• Analysis your Salary Sacrifices:
Be alive that salary sacrificing into your superannuation fund affects your concessional contribution cap. From 9 to 9.25% on 1th July, you can increase in Superannuation Guarantee.

• Analysis your Insurance:
They mentioned earlier, the end of the year is an perfect time to look not only at tax commitments,  but also including comprehensive long-term financial plan, including insurance plan.

• Time it right: 
To have deduced contribution counted for this year, on 30th June they must be received by the trustee.

• Self-employed contributions:
By contacting your financial adviser to see if you are eligible to claim a 100% tax deduction  for any superannuation contributions.

• Splitting Your super contribution with your wife/Husband:
For splitting your contribution, a request needs to be submitted to the member’s fund.